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Jan 19, 2013 10:00am EST
push the economy back into recession. that was one of the risks that the fiscal cliff pose. tax increases and spending cuts to that size, the cbo and others estimated that unemployment would rise and we very well might go back into a recession. so the challenge is to achieve long run sustainability without unduly hampering the recovery which we have. the deal that was struck, together with the previous work in 2011 that involved some spending cuts made some progress in both of these goals. on longer and sustainability, over the next decade or so, we have seen some movement toward stability in terms of the debt to gdp ratio. more work can be done, for sure. and then, on the short run, the fiscal cliff deal on new year's eliminated a good bit of the components of the fiscal policy that would have had such bad effects. not completely, but it was a good start. so there was a bit of progress on both of these goals. but i should hasten to say that we are not out of the woods because we are approaching a number of other fiscal critical watersheds coming up. we have the funding of the g
Jan 19, 2013 8:00pm EST
and constant tax increases. we need to have a washington budget and not a family budget. budget and not a family budget.
Jan 21, 2013 1:00am EST
curse, they refer to it as [indiscernible]. tax reform, the elimination of an entire class of nuclear weapons. reagan and his first term had spoken about the evil empire. one thing led to another. there had been no discernible progress. i do not think many people on january 20, 1981 would have anticipated ronald reagan's greatest historical accomplishment would be significant arms control. not just slowing the rate of increase in nuclear arms, but actually doing away with the whole class in what became known as the inf treaty. host: a speech in june of 1987 in berlin. [video clip] >> we welcome change and openness. we believe that freedom and security go together. the advance of human liberty, the advance of human liberty can only strengthen the cause of world peace. there is one sign that the soviets can make that would beunmistakable, that would advance dramatically the cause of freedom and peace. general secretary gorbachev, if you seek peace, if you seek prosperity for the soviet union and eastern europe, come to this gate. mr. gorbachev, open this gate. mr. gorbachev, tea
Jan 19, 2013 4:25pm EST
is a path forward on all of these issues. >> if the deficit can only be resolved in increasing taxes and cutting expenses. what expenses would you cut? >> i don't believe we should cut across the board. we should cut strategically. s there -- there is fat, no question about it. i would start there. there is no question that this defense budget is bloated. i'm speaking -- i can tell you the mayors of the country want to see less spending on defense and more spending on bridges and roads and highways and schools. investments that will bear dwiveds down the line. i also said -- i'm a democrat and this does not fly with some democrats but you have to look at some entitlements. you can be for entilettlement reform and not want to turn health care into vouchers. i can tell you mayors have gotten the support of pension reform. there's a number of things we can do that don't decimate the safety net but do, you know, make the kinds of investments. a balanced approach is the only way to deal with deficits at the level and debt at the level that we have in the nation today. it is the only path
Jan 20, 2013 12:00am EST
. the law requires licensed gun dealers to perform these tax -- checks but as many as 40% of all gun purchases are conducted without one. that is not fair to responsible gun buyers or sellers. an overwhelming majority of americans agree that anyone try to buy a gun to the least have to prove they are not a felon or someone legally prohibited from owning one. that is just common sense. second, congress should restore a ban on military-style assault weapons and a ten round limit for magazines. when the assault rifles, when combined with high-capacity magazines, have one purpose only -- to fire as many bullets as possible as quickly as possible. these weapons have no place i our communities. a majority of the american people agree with me. finally, congress needs to make it easier for law enforcement to do its job. we should get tougher on people who buy guns only to turn around and sell them criminals. at a time when many communities have been forced to make cuts to their police force, we should put more cops back on the job and on the streets. like most americans, i believe the second
Jan 21, 2013 9:00pm EST
remake our government, revamp our tax code, reform our schools and empower our citizens with the skills they need to work harder and learn more, reach higher. while the means will change, our purpose endures. nation that rewards the effort and determination of every single american. that is what this moment requires, that is what will give real meaning to our freedom. we, the people, still believe in every citizen deserves a basic measure of security and dignity. we must make the hard choices to reduce the cost of health care and the size of our deficit. but we reject the belief that america must choose between caring for the generation that built this country and investing in the generation that will build its future. [ applause ] for we remember the lessons of our past when twilight years were spent in poverty and parents of a child with a disability had no where to turn. we do not believe that anyone country freedom is reserved for the lucky or happiness for the few. we recognize that no matter how responsibly we live our lives, any one of us at any time may face a job loss or a sudd
Jan 20, 2013 8:00am PST
see what did he promise then? complete or incomplete? medicare, social security, deficits, taxes, spending. so, a lot of the things he talked about in the first speech, still with him in the second. >> we're going to talk about a lot more ahead. go live to the white house in just minutes to actually see the president renew his oath of office and, again, his second term. stick with us. >>> also, we'll bring you a candid look at the first family's daily life. first lady has a new agenda. first, this inaugural flashback. >> obama! >> thank you. >> obama! >> thank you. >> there was a magic to the inaugural day for president obama. the first african-american to be president, as if the whole history of our country was coming full circle with the ending of slivery and now the first african-american president. >> the man whose father less than 60 years ago might not have been served at a local restaurant can now stand before you to take a most sacred oath. >> the crowds were reveling in that spirit. 1.8 million than have ever been there before. just the idea that we have come this far as
Jan 21, 2013 4:00pm PST
. tax efficient and low cost building blocks to help you keep more of what you earn. call your advisor. visit ishares. yeah, ishares. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. ♪ ♪ ♪ >>>le all right, this was obviously th president as he was looking at the troops, the overview of the troops before the actual parade began. pretty amazing. one of the things i find so amazing about america's military is how precise and perfect their training is. you know that they are trained to take 28-inch steps. >> amazing. >> and they do it, and they don't look down. >> also, americans always go on about how the british do pomp and ceremony better than anyone else, including america. i watched today a lot of the stuff going on, and i thought, america does it pretty well, too. >> really? >> you roll out the barrel for the president, and that was very impressive today. >> it was beautifully done, and it makes us all proud. whether you're a democrat
Jan 20, 2013 10:00am PST
. immigration reform, tax reform. whatever you hear about the second term curse be skeptical. >> is there an annual gis time in history to where president obama is now, some place we're told that lots of time the speech writers and presidents look at past inaugural addresses for inspiration? where in history can this president find that inspiration? >> you know, it's tough to find a time when we've been so polarized. thomas jefferson, people forget under adams and washington, the country was actually much more divided than you would think if you looked at that monument just down the road, jefferson comes into power, a very polarizing figure and in his inaugural address says we are all republicans, we are all federalists. didn't necessarily govern that way but he had the tone right. i think that's what inaugural addresses a week later, very few, you can count on one hand, but second inaugural addresses that people remember. it's the tone as much as anything else and clearly to try to recapture -- you can't capture lightning in a bottle twice but you can convey the sense that over four years,
Jan 21, 2013 1:30pm EST
thing. fixing the budget deficit, the federal budget was the most important to 13%. only 5% thought tax reform was important. and you may be looking at this poll and thinking, well, what happened to the war in afghanistan? well, there it is, it comes in at 4%, health care at 5% ending the war in afghanistan the most important priority for only 4% of the american people. but we should not ever forget that as we sit here today approximately 60,000 americans are fighting in afghanistan. the president is drawing those troops down but we have a long way to go yet in that war that is now more than ten years old. john dickerson our cbs news political director, he's down on the national mall, john, you see that 35% by far the largest majority of people in our poll think the president needs to be working on the economy. >> that's still the single most important issue for the president, much further down or much smaller percentage want them work on the deficit. really the deficit and getting the budget picture in order, ending these endless confrontations over the budget will do something the whi
Jan 21, 2013 7:00am EST
, not adversaries. it seems to me it is tax and spend. let's not talk about the deficit. let's talk about gun control. these priorities are skewed. host: that was stated in the bronx, new york. we want to show you a video of harry -- talking about presidential artifacts. >> part of it is just about the enthusiasm. are meant to be days of national celebration and national unity. they are not always that way, but they are souvenirs' that .eople may create in the days of george washington, there were bronze buttons and pendants that people could buy things from --that people could buy. i particularly like this, a glass tray, sold on that day. it is to mimic a card. it has generally 20th, 1961, marking president kennedy costs of moving. moving.dy's the idea that people get license plates -- these are good for a day or a week. you can put them on the -- under cars. you are part of the celebration. go to the parade. this happens to be kennedy in 1961. you can watch the crowd up above for those of us who are a little bit shorter. we see these kinds of continuity, this ongoing, both the mat
Jan 21, 2013 7:00am PST
term it was tax reform, immigration reform, the end of the cold war, he was not a right-wing president toward the end except for iran contracourse, do you think this president -- we'll talk about it, but do you think he'll get there on immigration, on tax reform, when all the issues we have been arguing? >> i do think so. i think, you have talked about this, i think ronald reagan's experience was, yes, being a movie actor, but more important was being a labor negotiator. with the soviet union, with the congress, he did what he did with jack warner back in hollywood in the 1940s, was he asked for 100 and got 50. and getting 50 when you're president as we know is a pretty powerful achievement. what is barack obama? in life he's a writer and a professor. and writers and professors think in a more complex term, they reach more new nuance positions, and the president knows at heart he's a storyteller and analyst, that if he wants history to remember this presidency well he's got to make these compromises. >> that's great, at the end of the write-up, it was president carter losing
Jan 20, 2013 3:00pm PST
wasn't for some kind -- >> some. >> and here is the other thing, the president wants to do tax reform. republicans are over the tax fight. they figure they've done taxes. they're not going to do that, and that's a part of the president's calculation. if he can't get that, what does he do on the spending side? not much. >> thanks very much to all of you. that's interesting. it does seem to many that tax debate is sort of done, republican or democrat. >> right. >> we had that fight, here we are. >> but the one thing the president does get is to choose what the country focuses on. he doesn't necessarily get to choose the results. he gets to choose what the country focuses on so we'll see. this is a big test for him to pick his priorities. >> that's why tomorrow becomes crucial. we'll learn a lot tomorrow. >> coming up, a rare look at a room inside the nation's capitol, a room that only a few people have ever seen. wow. would you take it? well, there is. [ male announcer ] it's called ocuvite. a vitamin totally dedicated to your eyes, from the eye care experts at bausch + lomb. as
Jan 20, 2013 10:00am EST
president obama begins his second term. taxes, spending, deficits, gun control, immigration. a lot to do and not a great environment to get it done. but with us now, two men who may not have to worry too much about that, but who may give us great insights if possible to get great things done. barney frank, the former democratic congressman from massachusetts and steve latourette, republican from ohio. first to you, congressman, as the democrat, what does the president have to do differently in the second term to have a more cooperative, working environment. to you, sir, what does the republican party need to do to try to get some things done? >> i have to differ with the preface, john. >> i thought you might. >> barack obama -- look, this notion that partisanship has taken over. it began when barack obama became president. i was chairman of the financial service committee of 2007 in the bush administration and i worked very closely with hank paulson, secretary of the treasury. we worked on putting fannie mae and freddie mac to stop the lawsuits. george bush went to harry reid and nancy p
Jan 21, 2013 8:00am PST
the fiscal cliff fight at christmastime, worried their taxes would go up. knowing that the parties are torn, polarized, not speaking to each other and the president has a lot of work to begin tomorrow. just a short time, unlike the first time riding high on public opinion and four years ahead of him, everyone else who has to face an election unlike president obama is looking at the elections in 2014 and midterm elections. he doesn't have a lot of time before he is truly a lame duck and he knows that. shepard: so there is work to be done. we begin by swearing him in this morning in washington. it will be quite an event. everybody who is anybody is here. except as you mentioned some from the bush family who stayed back home in texas. our expectation is, that we'll get started here pretty quick. they're going to follow tradition from start to finish. >> yes. it is a day full of much ceremony. there is order to this day. it really doesn't change. there is going to be a luncheon. as you know, 200 place settings were set last night in statuary hall for a luncheon for all the elected offi
Jan 20, 2013 4:00pm EST
heart of your portfolio. tax efficient and low cost building blocks to help you keep more of what you earn. call your advisor. visit ishares. yeah, ishares. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. it's lots of things. all waking up. ♪ becoming part of the global phenomenon we call the internet of everything. ♪ trees will talk to networks will talk to scientists about climate change. cars will talk to road sensors will talk to stoplights about traffic efficiency. the ambulance will talk to patient records will talk to doctors about saving lives. it's going to be amazing. and exciting. and maybe, most remarkably, not that far away. the next big thing? we're going to wake the world up. ♪ and watch, with eyes wide, as it gets to work. ♪ cisco. tomorrow starts here. >>> we are back with a very excited crowd behind us. some every day americans are playing a special role in official inaugural festivities. they are called citizen co-chairs,
Jan 21, 2013 6:00am PST
tax cuts battle as opposed to three years ago, during the health care brawl, he hid away in martha's vineyard while that was exploding around the country. so he's doing those things you need to play to win. he's taking his case to the american people more aggressively. it is not different. when i interviewed him in 2007 on the bus in iowa, i covered him all through the campaign. i interviewed him before he won a single primary. he said to me on the bus in iowa, what i need to do if i become president is take my case to the american people and make them rally congress. >> it sounds, though, as a constant campaign is what we're looking to over the next four years, like a never ending campaign. >> this is what he always believed. going back to 2007, he always believed he needed to constantly rally the american people and campaign. he understood that's how washington works. he just didn't always do it. and he's now realizing he has to always do it. >> david, do you think he's very different? >> as john and i know so well from covering clinton, the campaign has been a part of ame
FOX Business
Jan 21, 2013 11:00am EST
on spending, tax issues, even though they seem to be getting a little bit of round on the debt issue. postponing it for another three months. i do not see a lot of kuba going on here. >> no. we are hearing lots of things. lower court nominees. i talked to a number of republicans. they will fight on issues of spending and debt and debt ceiling. they are not ruling out. democrats have a ten-point advantage, 55-45. you only need 40. there could be a real showdown if the republicans stick together. they say they are not in the mood to, essentially, they say compromise on things that are poor principles for them. they are more geared up to fight and take on some of these legislative battles. for the next four years we will see. we will have another midterm election that could change the makeup of the house and senate again. that will have a big impact on his last two years in office as well. neil: we are just getting a shot at sasha and melia, the president's daughters. they have grown in the last four years. and his mother in law. this is the first president in more than a generati
Jan 21, 2013 11:00am EST
something that could respectably be called tax reform or is that simply an exercise to raise a little bit more revenue? >> more of the latter than the former in my humble opinion. it's great they're all getting along today as hampton was telling us, but the idea of very deep tax reform seems pretty difficult given the disagreements up there. on the other hand, you were mentioning this earlier and i agree, the deal will involve both revenues, probably from the tax expenditure side, and spending cuts, and as has been said, the president has significant spending cuts on the table. >> corporate tax reform? >> possibly, but i'm not sure -- that again is going to be lower rate, broader base. i don't know if that's real massive tax reform. >> a second coming out for the obama daughters who have grown up before our eyes. >> people say that the president looks older. those girls look older than they did four years ago, and they, of course, have grown up in the bubble of the white house. >> in percentage terms they've gotten older than he has. >> absolutely. but there's not a gray hair on their hea
Jan 20, 2013 10:30am EST
taxes and governmente said, was inflation to rob us of our earnings and savings and watched the great industrial machine that had made as the most productive people on earth slowdown, and the number of unemployed increase. by 1980, we knew it was time to renew our faith to strive with all our strength towards the ultimate in individual freedom consistent with order of the society. we believed them, and now, there are no limits to growth and human progress when men and women are free to follow their dreams, and we were right. [applause] >> a live view of pennsylvania avenue. that speech was delivered on january 21. ronald reagan, one of seven u.s. presidents whose inauguration day fell on a sunday. the ceremonial " of office taking place at the u.s. capitol. what a difference inside the rotunda. the temperatureto rob us of ourt date, seven degrees, the wind chill, 20 below. >> it tells you about the quality of that speech and the speaker, it sounds like it was written for an intimate setting. softer tones in the rotunda, which does not really hold a lot of people. if he had delivered t
Jan 20, 2013 4:00pm EST
yielded to the national government. we allowed taxes and inflation to rob us of our earnings and savings and watched the great industrial machine slow down at the number of unemployed increase. by 1980 we knew it was time to renew our faith, to stride with all our strength for individual freedom consistent with orderly society. we believe then and now, there are no limits to growth and human progress when men and women are free to follow their dreams. and we were right. host: to a live view on pennsylvania avenue. that speech was delivered by ronald reagan. his inauguration day fell on a sunday. what a difference that speech inside as the temperature on that date, 7 degrees. the windchill was 20 below. it tells you about the quality of the speaker, it sounded like it was written for an intimate setting. with his softer tones which does not hold a lot of people in that room. he had been delivering that outside it probably wouldville sounded good. i remember the story about reagan and he was in the oval office for the first time. they brought in tv cameras to get pictures of the ne
Jan 20, 2013 3:00pm EST
the south we still had literacy tests, people were asked to pay a poll tax. count the jelly beans in the jar. we want people to learn, so many young members of congress have been elected and they have commented. they don't have a sense of history. they need to be able to walk in the footsteps of another generation. >> would dr. king look down on this day and say i'm proud of where the country is or would he say what a distance the country still has to go. >> i don't know whether we would agree on this. but i think he would challenge us about the distance we have yet to go. and to do innovative things, you mentioned the programs and things of bringing people back to the south. we have established the medgar evers institute with the hope that reaching out into colleges and high schools all across the country, that people will learn about that time and find ways in which they can strategize to move us forward technologically, anyway. >> so that's -- >> i would say dr. king would be very proud and very pleased at the distance we have come. but i agree, we would still have a distance to t
Jan 21, 2013 7:00am PST
before. they just voted to increase taxes for the first time in a generation. that's hard for republicans to do. they decided to get off the track of fighting him on raising the debt ceiling. they're still going to negotiate that path. they have to vote, look at the first daughter. reflect the public's desire. cut government spending to compromise while thinking ahead to their own political calendar and trying to push the president where they can, where they think it's appropriate. >> this is as decent a measure as how far we've come in four years ago any. everyone looking at the first daughters, saying how big they've grown in four years. >> they seemed like little girls four years ago and now they are young ladies. >> and notably out of the spotlight, which is just how their mother and dad want. sasha needed a box to stand on last time. no more. >> her older sister is strikingly tall. she moves around the corridors of school. >> and their grandmother, michelle obama's mother is there, also. we don't really get to see enough of her. >> as is her wish. everyone around me just
Search Results 0 to 39 of about 40 (some duplicates have been removed)